Jefferies maintains its Buy rating on Boeing shares, with an unchanged price target of $270, reflecting a potential upside of 60% from the current price.
The analyst points out that the new CEO, Kelly Ortberg, took up his post last Thursday, a day he reportedly spent 'touring the Renton facility, talking to employees and reviewing safety and quality plans'.
Jefferies believes this attitude is in line with his reputation for being approachable and building direct relationships with employees. His message that day was very clear: the priority is to restore confidence in Boeing among customers, suppliers and passengers.
In addition, a period of intensive negotiations began on August 11 between Boeing and District 751, a union representing nearly 30,000 of the aircraft manufacturer's employees.
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The Boeing Company is the worldwide leader in aeronautical construction. Net sales (including intragroup) break down by market as follows:
- defense, space and security (46.3%): military aircraft and mobility systems (warplanes, helicopters, and air defense missiles), support services (logistics, engineering, maintenance and training services) and space equipment (satellites, launch pads, etc.);
- commercial aviation (30.4%). In addition to commercial aircraft, the group supplies spare parts and offers technical support, maintenance and engineering services.
The remaining sales (23.3%) are from services (logistics and supply management, engineering, maintenance, modification and training services, etc.), and commercial and private aircraft financing as well as aircraft equipment leasing activities.
Net sales are distributed geographically as follows: the United States (53.8%), Asia (18.4%), Europe (12.8%), Middle East (7.8%), Canada (2%), Oceania (1.8%), Africa (1.8%) and other (1.6%).
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Investor
Investor
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Global
Global
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Quality
Quality
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ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
